World’s first-ever Bitcoin tower will be opened in the United Arab Emirates. People can expect a hotel in the shape of Bitcoin. The unveiling of the plan will take place on the 24th of May 2023. This project will be a demonstration of the importance of digital assets and cryptocurrencies, on the occasion of the emirate hosting COP28. Salvatore Leggiero is the developer behind this hotel.
He remarked that the hotel will be the first of its kind, according to the Binance report. The developers of this project plan on using the most advanced technologies and sustainable materials with a commitment to zero carbon dioxide usage.
This tower won’t be just a luxury accommodation but an icon of the digital age
The hotel chain will be rewarding its guests by offering NFT which will provide exclusive utilities to the holders. In addition to that the rental price will be taken as the staking of crypto and will generate an APY (annual percentage yield) that guests can redeem.
Salvatore Leggeiro promises that this will be the first hotel that gives you back the money you paid in addition to interest.
The CEO of Metaverse Investments LLC added that this is an innovative approach to hospitality and it reflects the growing importance of cryptocurrencies in today’s society. This hotel will be an excellent way for people to experience and study more about them.
On Wednesday 24th May 2023, the project will be unveiled at the exclusive Bella Restaurant Lounge at Grand Millenium Business Bay, Dubai along with the superstar chef Alessandro Miceli. This exclusive event will be illustrating the first details of this amazing initiative to selected guests, key people, and stakeholders.
This mode introduces a new dimension to the hospitality industry; the rent rate is not only just a payment but also an investment. This will be treated as staking cryptocurrency, yielding an annual percentage yield that the guests can claim. Mr. Leggiero claims that this will be the first hotel to refund your whole deposit, plus interest.
This project is not merely an architectural variety, it will be used as a chance to educate the public about cryptocurrencies and even encourage participation. Leggiero has welcomed crypto enthusiasts, artists, architects, and creatives to submit their works. This artistry will be used to form an exclusive NFT collection devoted to the Bitcoins tower’s design or its internal spaces, creating assets of value in the digital scene.
This Bitcoin tower will be a tribute to the first cryptocurrency and summarise the principles illustrated by its creator, Satoshi Nakamoto. The tower’s developer also aims at diminishing the gap between digital and physical assets.
Renowned architect Simone Mitchell was approached by Leggiero for the development of this tower. Mr. Mitchelli with over three decades of experience in committing to various international projects, will bring forth a new perspective with the intention to manifest a virtual environment that unleashes unimaginable experiences.